The goal of this article focuses on analyzing More Recommendations on Relationship Between R&D and Economic Innovation in recent years. Method: Methodology includes Qualitative research method, synthesis and inductive methods. We also expand SWOT model by adding Value part analysis on it. Results: Authors stated opportunities for values adding including but not limit to: the deep level of R&D will affect commercial activities (and of enterprises); R&D will improve productivity, market expansion and R&D will change process of firms.

Keywords: SWOT, Factors, R&D, Economic innovation.

[1] Duong Thi Ngu, Do Thu Huong, Dinh Tran Ngoc Huy, Phung Thi Thanh & Dongul, E.S. (2021). Language teaching application to English students at master's grade levels on history and macroeconomic-banking management courses in universities and colleges. Journal of Language and Linguistic Studies, 17(3): 1457–1468.

[2] Adegbile, A.S., et al. (2021). Environments for joint university-industry laboratories (JUIL): micro-level dimensions and research implications. Technol. Forecast. Soc. Change, 170: 120888.

[3] Do Thu Huong, Dinh Tran Ngoc Huy, Nguyen Thi Hang, Pham Thi Huyen Trang & Duong Thi Ngu (2021). Discussion on Case Teaching Method in a Risk Management Case Study with Econometric Model at Vietnam Listed Banks - Issues of Economic Education for Students. Review of International Geographical Education, 11(5).

[4] Dat, Pham Minh, Mau, Nguyen Duy, Loan, Bui Thi Thu, & Huy & Dinh Tran Ngoc (2020). Comparative China Corporate Governance Standards after Financial Crisis, Corporate Scandals and Manipulation. Journal of Security and Sustainability Issues, 9(3). doi: 9770/jssi.2020.9.3(18).

[5] Dinh Tran Ngoc Huy (2015). The critical analysis of limited South Asian corporate governance standards after financial crisis. International Journal for Quality Research, 9(4).

[6] Duong Thi Tinh, Nguyen Thu Thuy & Dinh Tran Ngoc Huy (2021). Doing Business Research and Teaching Methodology for Undergraduate, Postgraduate and Doctoral Students-Case in Various Markets Including Vietnam. Elementary Education Online, 20(1).

[7] Dolde, W., & Tirtiroglu, D. (2002). Housing price volatility changes and their effects. Real Estate Economics, 30(1): 41–66.

[8] Dinh Tran Ngoc Huy (2012). Estimating Beta of Viet Nam listed construction companies groups during the crisis. Journal of Integration and Development, 15(1): 57–71.

[9] Fabiano, G., et al. (2021). R versus D, from knowledge creation to value appropriation: ownership of patents filed by European biotechnology founders. Technovation, 108: 102328. 

[10] Haq, et al. (2020). From R&D to Innovation and Economic Growth: An Empirical-Based Analysis from Top Five Most Innovative Countries of the World. doi: 10.1007/978-3-030-23898-8_23.

[11] Hooi, H.L. (2012). Wealth Effect of Credit-Price Effect? Evidence from Malaysia. Procedia Economics and Finance, 1: 259–268.

[12] Huang, Y.K., & Ge, X. (2009). House prices and the collapse of stock market in mainland China? - An empirical study on house price index. Pacific Rim Real Estate Conference, Sydney, Australia.

[13] Jakob, E., et al. (2017). Innovation policy: What, why, and how. Oxford Review of Econ. Policy, 33(1): 2–23.

[14] Kearl, J.R. (1979). Inflation, mortgage, and housing. Journal of Political Economy, 87(5): 1115–1138.

[15] Ibbotson, R., & Siegel, L. (1984). Real estate returns: a comparison with other investments. AREUEA Journal, 12: 219–241.

[16] Ito, T., & Iwaisako, T. (1995). Explaining Asset Bubbles in Japan. National Bureau of Economic Research Working Paper Series, No. 5358.

[17] Hayton, B. (2020). Vietnam: Rising Dragon. New Haven: Yale University Press.

[18] Kakes, J., & Van den End, J.W. (2004). Do stock prices affect house prices? Evidence for the Netherlands. Applied Economics Letters, 11: 741–744.

[19] Kamada, K., Hirata, W., & Wago, H. (2007). Determination of Land-price Movements in Japan. Bank of Japan.

[20] Kim, H.M. (2023). Foreign direct investment and urban growth in Vietnam: spatial, economic, and demographic perspectives. Retrieved: https://www.tandfonline.com/doi/full/10.1080/10225706.2023.2244946.

[21] Kim, H.M. (2020). International Real Estate Investment and Urban Development: An Analysis of Korean Activities in Hanoi, Vietnam. Land Use Policy, 94(104486): 1–10.

[22] Ho Chi Minh Complete Works (1957). The appeal on the occasion of May 1 published in Nhan Dan Newspaper, Issue 1150, May 1, 1957.

[23] Ho Chi Minh Complete Works (1961). Speech "Building people of Socialism" at the Conference on training leaders at all levels throughout the North in mid-March 1961.

[24] Ho Chi Minh Complete Works (1958). The article Revolutionary Ethics published in Hoc Tap Magazine.

[25] Ho Chi Minh Complete Works (1919). The Indigenous Peoples' Problem, L'Humanité newspaper, August 2, 1919.

[26] Ho Chi Minh Complete Works (n.d.). Reply to an interview with Mr. Walter Briggs.

[27] Ho Chi Minh: Complete Works (n.d). Volume 6, Page 46, Reply to an interview with Mr. Walter Briggs.

[28] Nga, L.T.V., et al. (2021). Reforming specialized inspection procedures to improve business environment in Vietnam for trade facilitation implementation. Management, 25(1).

[29] Nguyen Trong Diep, Nguyen Xuan Hai & Dinh Tran Ngoc Huy (2023). Environmental Law and Policies for Problems in Construction Sector. Int J. of Scientific Research in Science, Engineering and Technology, 10(3).

[30] Nguyen Xuan Hai (2023). Risk Management and Productivity Improvement in Construction Sector – Case in Vietnam. International Journal of Scientific Research in Science and Technology, 10(4).

[31] Nguyen Xuan Hai, Dinh Tran Ngoc Huy, Le Ngoc Nuong & Nguyen Trong Diep (2023). Further Analysis on Risk Management and Solutions to Improve Productivity and Safety in Construction Sector - and Environment Protection Law in Construction Activities. Scholars J. of Economics, Business and Management, 10(7): 156–164.

[32] Nguyen Xuan Hai, Dinh Tran Ngoc Huy & Le Ngoc Nuong (2023). Environment Protection and Regulations in Industrial Cluster (IC) Development - A Case in Hanoi Vietnam. International Journal of Rural Development, Environment and Health Research, 7(4).

[33] Nguyen Tuong Van (2023). Finance for residential real estate and implications for monetary policy management in Vietnam. https://www.sbv.gov.vn/webcenter/portal/m/menu/trangchu/ddnhnn/nctd/.

[34] Myers, S.C., & Majluf, N.S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. J. Financ. Econ., 13: 187–221. doi: 10.1016/0304-405x(84)90023-0.

[35] Griffin, P.A., et al. (2022). Proprietary costs: Why do R&D-active firms choose single-lender financing?, Account. Rev. doi: 10.2308/tar-2018-0158.

[36] Tran Thi Kim Chi (2023). Real estate market and macroeconomic stability in Vietnam. Review of Finance Online, (2).

[37] Thang, T.D., Huy, D.T.N., Dung, P.A., Nuong, L.N., & Hien, D.T.N. (2024). Measurement of Successful Management and Leadership via a Multi Factor Model on Bank Profit-A Case of BIDV. European Economic Letters, 14(1): 567–579.

[38] Thang, Tran Toan, Thi Song Hanh Pham & Bradley R. Barnes (2016). Spatial Spillover Effects from Foreign Direct Investment in Vietnam. The Journal of Development Studies, 52(10): 1431–1445. 

[39] Vincent, et al. (2022).  The Impact of R&D Innovation Success on the Relationship between R&D Investment and Financial Leverage. Journal of Open Innovation: Technology, Market, and Complexity, 8(3).

[40] Vera, I., et al. (2016). Model of Innovation-Oriented State Economic Policy. European Research Studies, 19(1).

Source of Funding:

This study did not receive any grant from funding agencies in the public, commercial, or not-for-profit sectors.

Competing Interests Statement:

The authors declare no competing financial, professional, or personal interests.

Consent for publication:

The authors declare that they consented to the publication of this study.

Authors' contributions:

All the authors took part in literature review, analysis and manuscript writing equally.